CLIQ Digital - FY24 outlook weakened
CLIQ Digital has lowered its financial outlook for FY24 due to the transition to new sales channels in H124. This was coupled with elevated churn following a change in refund programmes from credit card providers, flagged in Q124, which allows subscribers to cancel more easily. The transition to the ‘Magnificent Seven’ sales channels, which aims to diversify CLIQ’s marketing channels from traditional display advertising to search engine advertising, affiliation and business-to-business (B2B) partnerships, has meant new customer acquisitions have been slower than previously anticipated. We have cut our FY24 forecasts, which are now towards the lower end of management’s guidance. Our reduced FY25 revenue estimate is below company guidance; we will review our forecasts with subsequent trading updates.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.